Does Capital One Spark Classic do a hard pull? This question is about the Capital One Spark Classic for Business

Does Capital One Spark Classic do a hard pull?

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This question is about the Capital One Spark Classic for Business

Peter Fox, WalletHub Analyst

@PeterFox • 08/09/21 This answer was first published on 07/08/21 and it was last updated on 08/09/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, Capital One Spark Classic for Business will do a hard pull on your credit report when your application is evaluated. It is designed for applicants with limited credit (less than 3 years of credit history), but other factors will also be taken into consideration. These include your income, debts and overall ability to make credit card payments.

A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can take a look at some tips on how to minimize credit score damage caused by a hard pull. You can also sign up for a free WalletHub account and use the Credit Simulator tool to test out the effect various scenarios have on your credit score.

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What's the Capital One Spark Classic credit score requirement?

The Capital One Spark Classic credit score requirement is 640+. This means that you need to have at least fair credit to get this card.

At the same time, though, Capital One Spark Classic is also designed for people with limited credit. So, you should be able to qualify for this card even if you have less than 3 years of credit history.... read full answer

However, meeting the credit score requirements doesn’t guarantee that your application for Capital One Spark Classic will be approved. The issuer will also take into account various other factors like your credit history, income, and any debts you might have.

Ultimately, you can check your credit score for free on WalletHub before applying for the Capital One Spark Classic card.

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What credit bureau does Capital One Spark Classic use for approval?

When applying for the Capital One Spark, Capital One uses Experian (36% of the applications), Equifax (32% of the applications) and TransUnion (32% of the applications), roughly equally.

In some cases, it will check two or three credit bureaus when making a lending decision.

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How long does it take to get approved for the Capital One Spark card?

Approval for the Capital One Spark Classic only takes about 60 seconds if you apply online. If you apply in person or Capital One needs to take a closer look at your online application, it can take them up to 10 more business days to reach a decision.

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